Rubio’s warning as Trump’s 200% tariff threat looms
US Secretary of State Marco Rubio warned that India should be concerned about President Donald Trump's newly announced tariffs on generic drug imports, which could rise to 200% after an initial two-year period of zero tariffs. Rubio noted that the issue did not arise during his discussions with Indian External Affairs Minister S. Jaishankar at the ASEAN Post-Ministerial Conference, although it may have been addressed with other US officials. The tariffs are intended to incentivize domestic pharmaceutical production in the US, with penalties for companies that do not comply.